Tuesday, 23 November 2021

Gem Mint State Stater of Croesus

Croesus is famous for introducing the world's first pure gold and pure silver coins. Prior to this, coins were produced in electrum, a naturally occurring alloy of gold and silver. Scholars argue that the gold standard of Croesus was introduced in stages, designed to recall the circulating electrum staters. Once a sufficient number had been recalled, the new light stater appeared.
Though the light stater was produced for a longer period than the heavy stater, the light stater is actually the rarer coin.
The market seems to be catching on. This NGC Gem MS light stater sold in April 2018 for $180k.
See ----->Gold of Croesus